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The Victorian Government is set to increase stamp duty from 3% to 7% for foreigners purchasing land in Victoria

A recent article from “The Real Estate Conversation” (**see  link below for the article) discusses the Victoria Government’s intention to increase stamp duty from the current 3% to 7% payable by foreign purchasers of  Victorian land from 1 July 2016.

What does this mean for overseas investors?

For more information, contact Sera Porto-Drew or Van Hang from the team at Porto Grace & Drew (PGD) Lawyers on 8790 4533.

 

**     http://www.therealestateconversation.com.au/news/2016/04/22/victorian-government-increases-stamp-duty-foreigners/1461329778

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